Form 4: Phreesia CEO Chaim Indig Sells Shares to Cover Tax Obligations

Phreesia's CEO, Chaim Indig, disposed of shares to cover tax withholding obligations related to the settlement of performance-based restricted stock units.

Summary

• Chaim Indig, the CEO of Phreesia, Inc., sold shares of common stock on January 27, 2025.
• The sales were executed in multiple transactions at weighted average prices of $27.1848 and $28.1505.
• A total of 18,325 shares were sold at prices ranging from $26.75 to $27.74 per share.
• An additional 7,923 shares were sold at prices ranging from $27.75 to $28.39 per share.
• The sales were conducted to cover tax withholding obligations related to the settlement of performance-based restricted stock units.
• Following the transactions, Chaim Indig directly owns 1,260,200 shares of Phreesia common stock.
• He also has indirect ownership of 255,000 shares held by the Indig Dynasty Trust, where his immediate family members are the sole beneficiaries.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, especially to cover tax obligations related to equity compensation. The market typically views these sales in the context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates